Karobari Running Finance
Karobari running finance is a unique product designed especially to provide working capital for enterprises who are commercially viable Micro-entrepreneurs, either self-employed or have few individuals employed in their business with free credit insurance. The purpose is to create liquidity in the working capital for ongoing operations.
Loan Eligibility Criteria:
- Small business men and women owners
- Business should be operating at the same place for at least 2-3 years
- KMBL client or an applicant from any other bank who does not have a bad credit history
- Age between 25 to 60 years
- Valid CNIC/SNIC holder
36 months after which renewal is required.
- Monthly mark-up accrued on a daily basis is payable by 10th of the following month after billing date
- Interest will be applied only on the amount utilized
Loan Ticket (minimum & maximum):
PKR 500,001/- to 3,000,000/-
APR 18 - 26%